Systemic Banking Crises Database: An Update
IMF working paper 12/163
33 Pages Posted: 30 Jun 2012
Date Written: June 2012
We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970–2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.
Keywords: banking crisis, financial crisis, bank restructuring, crisis resolution, fiscal costs
JEL Classification: E50, E60, G20
Suggested Citation: Suggested Citation